Asian borrowers on a roll

Asia bond markets saw a whopping $6 billion in issuance overnight from the likes of Tata Steel, Greenko and China Exim Bank as investors look to put money to work.

The low rates environment is not only encouraging Asian issuers to tap bond markets at favourable levels but it’s also pushing investors to put their money to work, resulting in more than $6 billion worth of deals.

On Friday morning, six deals priced three from China and India respectively ranging from transactions in the high-yield and investment-grade space, and equally split between Reg S-only and Reg S plus 144A offerings.